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Fortinet Inc
NASDAQ:FTNT

Watchlist Manager
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Fortinet Inc
NASDAQ:FTNT
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Price: 84.49 USD 1.26% Market Closed
Market Cap: $62.5B
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement
|
Revenue Breakdown

Cash Flow Statement

Operating Cash Flow
+
3Y
+50%
5Y
+139%
10Y
+817%
Investing Cash Flow
+
3Y
-
5Y
-723%
10Y
-61 854%
Financing Cash Flow
+
3Y
-11%
5Y
-102%
10Y
-10 901%

Cash Flow Statement
Fortinet Inc

Rotate your device to view
Cash Flow Statement
Currency: USD
Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025 Dec-2025
Operating Cash Flow
Net Income
11
21
24
60
61
63
69
41
51
58
62
62
63
63
62
67
65
60
54
44
40
38
31
25
19
13
17
8
9
6
4
32
41
65
86
31
62
89
121
332
349
373
394
327
372
411
457
489
492
517
555
607
638
674
742
857
966
1 059
1 151
1 148
1 199
1 313
1 530
1 745
1 879
1 940
1 874
1 853
Depreciation & Amortization
6
5
5
6
6
6
6
6
6
6
7
7
7
9
10
12
13
14
15
16
17
19
21
22
24
24
28
32
36
40
44
49
51
54
55
55
55
55
55
56
58
60
61
62
64
66
68
69
69
70
76
84
93
99
102
104
106
109
111
113
115
116
118
123
130
139
148
152
Change in Deffered Taxes
0
1
1
(10)
(10)
(10)
(10)
(4)
(4)
(10)
(10)
(8)
0
(2)
0
(9)
(18)
0
0
(19)
(19)
(25)
(31)
9
1
2
(7)
(30)
(39)
(44)
(37)
(28)
(28)
(25)
(15)
36
43
47
39
(128)
(126)
(120)
(98)
18
33
36
12
(11)
(33)
(49)
(107)
(94)
(166)
(205)
(174)
(226)
(220)
(252)
(276)
(302)
(295)
(270)
(268)
(223)
(179)
(168)
(22)
66
Stock-Based Compensation
7
6
7
7
8
9
9
9
10
12
15
19
23
27
30
31
33
36
39
44
48
52
54
59
65
72
84
95
105
114
118
122
127
132
135
137
140
146
155
163
169
174
173
174
176
180
187
192
196
200
204
208
212
214
216
217
220
231
240
249
255
254
256
258
262
267
273
280
Other Non-Cash Items
7
7
9
(21)
(20)
(22)
(21)
11
14
16
16
12
15
19
24
32
35
39
46
54
58
64
63
72
78
85
99
106
115
123
130
130
136
138
139
144
165
193
220
252
262
268
277
282
294
309
321
336
347
360
381
406
440
476
487
537
557
559
574
548
536
540
424
411
377
370
496
529
Cash Taxes Paid
5
3
3
5
4
2
2
2
1
0
0
(0)
1
7
11
17
25
22
26
25
39
45
44
41
25
19
17
19
0
22
0
27
0
0
0
32
0
0
0
41
0
0
0
59
0
0
0
40
0
48
70
127
146
208
255
260
262
190
148
0
95
310
423
579
575
560
490
452
Change in Working Capital
29
18
26
27
32
35
43
50
56
67
67
60
64
62
63
82
79
63
46
53
65
81
124
68
79
116
113
167
198
177
172
163
175
219
274
328
279
219
181
127
157
173
165
120
164
156
120
201
205
354
525
496
576
441
413
459
603
729
713
428
533
216
168
203
84
120
(47)
(10)
Cash from Operating Activities
53
N/A
52
-3%
64
+24%
62
-4%
68
+10%
72
+5%
88
+23%
103
+17%
122
+18%
138
+13%
142
+3%
133
-6%
141
+6%
151
+7%
156
+3%
184
+18%
173
-6%
166
-4%
151
-9%
147
-2%
170
+15%
177
+4%
208
+18%
197
-5%
200
+2%
241
+20%
249
+4%
283
+13%
319
+13%
302
-5%
313
+4%
346
+10%
375
+8%
452
+20%
538
+19%
594
+11%
604
+2%
602
0%
616
+2%
639
+4%
701
+10%
753
+8%
798
+6%
808
+1%
926
+15%
978
+6%
978
0%
1 084
+11%
1 080
0%
1 251
+16%
1 429
+14%
1 500
+5%
1 580
+5%
1 485
-6%
1 569
+6%
1 731
+10%
2 012
+16%
2 204
+10%
2 272
+3%
1 936
-15%
2 088
+8%
1 915
-8%
1 972
+3%
2 258
+14%
2 291
+1%
2 401
+5%
2 448
+2%
2 591
+6%
Investing Cash Flow
Capital Expenditures
(5)
(5)
(6)
(5)
(3)
(4)
(3)
(4)
(3)
(3)
(4)
(4)
(5)
(6)
(21)
(22)
(22)
(22)
(9)
(14)
(24)
(31)
(34)
(32)
(26)
(27)
(34)
(37)
(62)
(66)
(59)
(67)
(51)
(123)
(139)
(135)
(133)
(59)
(55)
(53)
(52)
(57)
(57)
(92)
(110)
(123)
(141)
(126)
(150)
(143)
(177)
(296)
(366)
(383)
(402)
(281)
(189)
(226)
(208)
(204)
(396)
(342)
(308)
(379)
(224)
(368)
(420)
(365)
Other Items
(63)
(81)
(36)
18
(29)
(112)
(201)
(280)
(266)
(211)
(178)
(163)
(178)
(187)
(188)
(161)
(178)
(146)
(103)
(133)
(46)
(32)
(25)
3
15
24
24
36
11
(22)
(21)
(7)
(20)
5
(1)
59
62
76
113
(82)
(97)
(435)
(474)
(410)
(349)
213
33
53
(401)
(898)
(947)
(1 029)
(531)
58
682
1 045
956
275
(152)
(445)
(482)
(161)
(411)
(349)
(344)
(416)
(213)
(234)
Cash from Investing Activities
(69)
N/A
(86)
-25%
(42)
+51%
14
N/A
(32)
N/A
(116)
-260%
(205)
-77%
(284)
-39%
(270)
+5%
(214)
+21%
(182)
+15%
(167)
+8%
(182)
-9%
(193)
-6%
(209)
-9%
(183)
+13%
(200)
-9%
(168)
+16%
(111)
+34%
(147)
-32%
(70)
+52%
(64)
+9%
(59)
+7%
(29)
+50%
(11)
+63%
(3)
+71%
(10)
-218%
(1)
+90%
(51)
-5 205%
(88)
-72%
(80)
+9%
(74)
+7%
(71)
+4%
(118)
-65%
(140)
-19%
(77)
+45%
(71)
+8%
18
N/A
58
+224%
(135)
N/A
(148)
-10%
(492)
-232%
(530)
-8%
(502)
+5%
(459)
+9%
90
N/A
(107)
N/A
(73)
+32%
(551)
-657%
(1 041)
-89%
(1 124)
-8%
(1 325)
-18%
(897)
+32%
(325)
+64%
281
N/A
764
+172%
767
+0%
49
-94%
(360)
N/A
(649)
-80%
(877)
-35%
(503)
+43%
(719)
-43%
(727)
-1%
(568)
+22%
(784)
-38%
(633)
+19%
(599)
+5%
Financing Cash Flow
Net Issuance of Common Stock
(5)
(14)
(14)
76
85
104
114
29
35
28
19
20
27
26
42
38
39
36
27
(8)
(20)
(28)
(30)
11
38
59
73
7
(54)
(62)
(89)
(66)
(4)
(30)
(95)
(370)
(470)
(440)
(344)
(125)
(81)
(120)
(166)
(96)
(952)
(1 071)
(1 048)
(1 058)
(166)
(104)
(180)
(716)
(1 406)
(2 115)
(2 536)
(1 965)
(1 264)
(461)
(564)
(1 457)
(1 465)
(1 466)
(849)
63
69
(327)
(2 172)
(2 245)
Net Issuance of Debt
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
989
989
989
989
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other
0
0
0
2
1
4
5
5
6
7
11
20
21
20
20
12
11
9
4
2
(3)
(3)
(4)
(11)
(14)
(19)
(29)
(29)
(32)
(36)
(37)
(40)
(44)
(47)
(44)
(45)
(51)
(61)
(67)
(77)
(90)
(92)
(96)
(100)
(106)
(103)
(116)
(114)
(119)
(133)
(146)
(191)
(213)
(213)
(201)
(165)
(134)
(125)
(124)
(114)
(123)
(117)
(102)
(113)
(122)
(126)
(136)
(126)
Cash from Financing Activities
(5)
N/A
(14)
-166%
(14)
+2%
78
N/A
87
+11%
108
+25%
119
+10%
34
-71%
41
+20%
34
-16%
30
-13%
40
+32%
48
+20%
47
-1%
62
+32%
50
-19%
50
+0%
45
-11%
31
-32%
(6)
N/A
(23)
-262%
(32)
-36%
(34)
-8%
1
N/A
24
+3 103%
40
+66%
43
+9%
(22)
N/A
(86)
-297%
(99)
-16%
(126)
-28%
(106)
+16%
(48)
+54%
(77)
-59%
(140)
-81%
(416)
-198%
(521)
-25%
(501)
+4%
(411)
+18%
(203)
+51%
(171)
+16%
(211)
-24%
(261)
-24%
(196)
+25%
(1 058)
-441%
(1 174)
-11%
(1 163)
+1%
(1 172)
-1%
705
N/A
753
+7%
664
-12%
83
-88%
(1 619)
N/A
(2 329)
-44%
(2 737)
-18%
(2 130)
+22%
(1 398)
+34%
(585)
+58%
(688)
-17%
(1 570)
-128%
(1 587)
-1%
(1 583)
+0%
(951)
+40%
(50)
+95%
(53)
-5%
(453)
-762%
(2 308)
-410%
(2 372)
-3%
Change in Cash
Effect of Foreign Exchange Rates
(1)
(0)
1
2
2
0
0
1
2
3
(1)
(1)
(1)
(2)
0
(0)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(0)
(1)
(2)
(0)
(0)
(1)
(1)
(1)
(2)
(2)
1
(3)
(0)
1
(1)
(1)
Net Change in Cash
(22)
N/A
(48)
-119%
9
N/A
156
+1 625%
125
-20%
65
-48%
3
-96%
(146)
N/A
(105)
+28%
(38)
+64%
(11)
+73%
5
N/A
6
+13%
3
-45%
9
+176%
51
+477%
23
-56%
42
+87%
69
+64%
(7)
N/A
76
N/A
80
+6%
114
+41%
167
+47%
213
+27%
277
+30%
283
+2%
260
-8%
182
-30%
115
-37%
107
-7%
166
+55%
255
+54%
257
+1%
258
+1%
102
-61%
12
-88%
119
+863%
264
+121%
301
+14%
381
+27%
50
-87%
6
-88%
110
+1 676%
(591)
N/A
(106)
+82%
(293)
-177%
(161)
+45%
1 234
N/A
963
-22%
970
+1%
257
-73%
(937)
N/A
(1 169)
-25%
(888)
+24%
364
N/A
1 381
+280%
1 666
+21%
1 223
-27%
(285)
N/A
(378)
-33%
(173)
+54%
303
N/A
1 478
+389%
1 670
+13%
1 165
-30%
(494)
N/A
(381)
+23%
Free Cash Flow
Free Cash Flow
48
N/A
47
-1%
58
+24%
57
-1%
65
+14%
68
+4%
85
+25%
100
+17%
118
+19%
135
+14%
138
+2%
129
-6%
137
+6%
145
+6%
135
-7%
162
+20%
151
-6%
145
-5%
142
-1%
134
-6%
147
+10%
145
-1%
174
+20%
164
-5%
174
+6%
214
+23%
215
+0%
245
+14%
256
+4%
236
-8%
255
+8%
279
+9%
324
+16%
329
+2%
399
+21%
459
+15%
471
+3%
543
+15%
561
+3%
586
+4%
649
+11%
696
+7%
741
+6%
716
-3%
817
+14%
855
+5%
837
-2%
958
+14%
930
-3%
1 108
+19%
1 253
+13%
1 204
-4%
1 214
+1%
1 102
-9%
1 168
+6%
1 449
+24%
1 823
+26%
1 978
+8%
2 064
+4%
1 731
-16%
1 693
-2%
1 573
-7%
1 664
+6%
1 879
+13%
2 068
+10%
2 033
-2%
2 028
0%
2 226
+10%

See Also

Summary
FTNT intrinsic value, competitors valuation, and company profile.
DCF Valuation
FTNT stock valuation using Discount Cash Flow valuation method.
Relative Valuation
FTNT stock valuation using valuation multiples.
Wall Street Estimates
FTNT price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
FTNT stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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